Boardwalktech and HCLTech Extend Partnership to Reduce Risk and Improve Control for Financial Institutions
Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BWLKF) and HCLTech have expanded their partnership to address the growing need for mitigating risks associated with end-user computing applications (EUCs) in the financial services sector. The collaboration focuses on implementing the Boardwalk Velocity Product, which is currently being used by one of the top 5 US banks.
The Boardwalk Velocity solution aims to transform EUCs into a secure, compliant, and improved environment with proper controls. It addresses four core areas: improving process results, time to transformation, reduced cost to implement, and minimal disruption to users. According to IT partners and financial services customers, Velocity has demonstrated 10x superior performance in terms of deployment time and cost to remediate complex EUCs compared to alternative solutions.
Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BWLKF) e HCLTech hanno ampliato la loro partnership per affrontare la crescente necessità di mitigare i rischi associati alle applicazioni di computing degli utenti finali (EUC) nel settore dei servizi finanziari. La collaborazione si concentra sull'implementazione del Prodotto Boardwalk Velocity, attualmente utilizzato da una delle prime 5 banche statunitensi.
La soluzione Boardwalk Velocity mira a trasformare gli EUC in un ambiente sicuro, conforme e migliorato con i giusti controlli. Si occupa di quattro aree chiave: migliorare i risultati dei processi, il tempo di trasformazione, ridurre i costi di implementazione e minimizzare le interruzioni per gli utenti. Secondo i partner IT e i clienti dei servizi finanziari, Velocity ha dimostrato una prestazione superiore di 10 volte in termini di tempo di deployment e costo per rimediare a complessi EUC rispetto ad alternative.
Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BWLKF) y HCLTech han ampliado su asociación para abordar la creciente necesidad de mitigar los riesgos asociados con las aplicaciones de computación para el usuario final (EUC) en el sector de servicios financieros. La colaboración se centra en implementar el Producto Boardwalk Velocity, que actualmente está siendo utilizado por uno de los 5 principales bancos de EE. UU.
La solución Boardwalk Velocity tiene como objetivo transformar los EUC en un entorno seguro, conforme y mejorado con los controles adecuados. Aborda cuatro áreas clave: mejorar los resultados del proceso, el tiempo de transformación, reducir el costo de implementación y minimizar las interrupciones para los usuarios. Según los socios de TI y los clientes de servicios financieros, Velocity ha demostrado un rendimiento superior de 10 veces en términos de tiempo de implementación y costo para remediar EUC complejos en comparación con soluciones alternativas.
Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BWLKF)와 HCLTech는 금융 서비스 부문에서 최종 사용자 컴퓨팅 애플리케이션(EUC)과 관련된 위험을 완화할 필요성이 커짐에 따라 파트너십을 확장했습니다. 이 협력은 현재 미국의 5대 은행 중 하나에서 사용 중인 Boardwalk Velocity 제품을 구현하는 데 중점을 두고 있습니다.
Boardwalk Velocity 솔루션은 EUC를 안전하고, 규정을 준수하며, 개선된 환경으로 전환하고 적절한 통제를 제공합니다. 이는 과정 결과 개선, 전환 시간 단축, 구현 비용 절감, 사용자 중단 최소화라는 네 가지 핵심 분야를 다룹니다. IT 파트너와 금융 서비스 고객에 따르면, Velocity는 대체 솔루션에 비해 복잡한 EUC를 수정하는 데 있어 배포 시간과 비용에서 10배 우수한 성능을 입증했습니다.
Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BWLKF) et HCLTech ont développé leur partenariat pour répondre au besoin croissant de réduire les risques associés aux applications de calcul des utilisateurs finaux (EUC) dans le secteur des services financiers. La collaboration se concentre sur la mise en œuvre du Produit Boardwalk Velocity, actuellement utilisé par l'une des 5 plus grandes banques américaines.
La solution Boardwalk Velocity vise à transformer les EUC en un environnement sécurisé, conforme et amélioré avec les contrôles appropriés. Elle traite quatre domaines clés : l'amélioration des résultats des processus, le temps de transformation, la réduction des coûts de mise en œuvre et la minimisation des perturbations pour les utilisateurs. Selon les partenaires informatiques et les clients des services financiers, Velocity a démontré une performance supérieure de 10 fois en termes de temps de déploiement et de coût pour remédier aux EUC complexes par rapport à des solutions alternatives.
Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BWLKF) und HCLTech haben ihre Partnerschaft ausgebaut, um dem wachsenden Bedarf an der Minderung von Risiken, die mit Endbenutzer-Computing-Anwendungen (EUCs) im Finanzdienstleistungssektor verbunden sind, gerecht zu werden. Die Zusammenarbeit konzentriert sich auf die Implementierung des Boardwalk Velocity Produkts, das derzeit von einer der fünf größten Banken in den USA genutzt wird.
Die Boardwalk Velocity Lösung zielt darauf ab, EUCs in eine sichere, regelkonforme und verbesserte Umgebung mit den richtigen Kontrollen zu transformieren. Sie befasst sich mit vier wesentlichen Bereichen: Verbesserung der Prozessresultate, Umsetzungszeit, reduzierte Implementierungskosten und minimale Störungen für die Nutzer. Laut IT-Partnern und Kunden aus dem Finanzdienstleistungssektor hat Velocity eine 10-mal überlegene Leistung in Bezug auf Einsatzzeit und Kosten zur Behebung komplexer EUCs im Vergleich zu alternativen Lösungen gezeigt.
- Expanded partnership with HCLTech, a leading global technology company
- Implementation of Boardwalk Velocity Product at one of the top 5 US banks
- 10x superior performance reported by IT partners and financial services customers using Velocity
- Addresses critical risk management and compliance issues for banks
- Faster transformation of EUCs with minimal impact on end-users' operations
- None.
Boardwalk Velocity Product continues expansion into financial services sector to help mitigate risk due to end-user computing applications
Banks and insurers of all sizes are facing mounting regulatory pressure to mitigate the risk associated with end-user computing applications (EUC's). Until recently, progress with mitigating EUC risk and improving manual processes within financial institutions has been hampered by the extensive scale of the problem and the pervasive reliance on embedded manual solutions like Microsoft Excel. Considering the evolving regulatory environment regarding EUC's, the risk management implications impeding both revenue opportunity and control, and the imposition of fines by regulatory bodies, financial institutions have come to realize the utmost importance of prioritizing the transformation of these EUC's into a secure, compliant and improved environment with proper controls. The Boardwalk Velocity solution for financial services addresses these problems and provides a rapid path for mitigation of EUC risk and improvement of EUC controls across any financial institution.
"Our collaborative partnership with HCLTech at a prominent US bank has empowered us to optimize our strategy for the transformation of these End User Computing systems, resulting in swift compliance, better risk management supporting revenue endeavors, and robust data governance with a highly appealing return on investment," stated Andrew T. Duncan, Chief Executive Officer at Boardwalktech. "The Boardwalk Velocity solution focuses on four core areas – improving process results, time to transformation, reduced cost to implement, and minimal disruption to users. This enables HCLTech and Boardwalktech to provide an unparalleled solution that is poised to remain highly sought-after and indispensable throughout the financial services industry."
According to IT partners and financial services customers using Velocity, they have reported a 10x superior performance (in terms of time to deploy and cost to remediate mid and highly complex EUCs) versus alternative software solutions currently available in the market. Poorly integrated and non-compliant EUCs pose a massive risk management and compliance issue for banks. Financial institutions utilize thousands of Excel and Access based EUCs for financial and performance models along with reporting trackers that must be transformed into an environment to mitigate and manage capital risk, while being compliant with OCC and Dodd-Frank risk modeling requirements. By leveraging Velocity's unique data architecture, financial institutions can rapidly transform these EUCs onto Velocity's compliant data management platform. These transformations can be completed faster and with minimal impact to the end users' day-to-day operations, all while preserving user reliance on the Excel experience and their existing EUCs. These improved auditability, operational and governance features allow financial services firms and banks to continue to use Excel while moving these EUC's into a compliant, secure and auditable environment.
About Boardwalktech Software Corp.
Boardwalktech has developed a patented Digital Ledger Technology Platform currently used by Fortune 500 companies running mission-critical applications worldwide. Boardwalktech's digital ledger technology and its unique method of managing vast amounts of structured and unstructured data is the only platform on the market today where multiple parties can effectively work on the same data simultaneously while preserving the fidelity and provenance of the data. Boardwalktech can deliver collaborative, purpose-built enterprise information management applications on any device or user interface with full integration with enterprise systems of record in a fraction of the time it takes other non-digital ledger technology-based platforms. Boardwalktech is headquartered in
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SOURCE Boardwalktech Software Corp.
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